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Image Credit: Economic Times

60% of unicorn founders achieved $1-billion valuation in maiden attempt: report

  • About 60% of the 261 unicorn founders in India built a startup valued at over $1 billion in their first attempt, according to a report by research analytics firm PrivateCircle.
  • 29% of unicorn founders took two attempts to reach the $1 billion valuation milestone.
  • India's startup ecosystem has produced more than 100 unicorns, but the pace of unicorn creation slowed down in the last two years due to a global downturn.
  • Recent Indian startups that achieved unicorn status include Zepto, InCred, Krutrim, Perfios, Rapido, Ather Energy, and Moneyview.

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